Daily Research 06 December 2016


S2 S1 IDX R1 R2
5,225 5,245   5,268.3 5,300 5,325
  • Upside global markets and stronger Rupiah would send in the favorable supports.
  • The IDX still carried on the upside movement but in the middle of a rather high foreign selling sentiment yesterday that could dampen the upside potential.
  • Therefore, we predict that the IDX would be in the positive side today.

Daily Research:


Sell on strength

S2 S1 Level R1 R2
16,725 17,100 17,600 17,800 18,200

AALI ended the trading p o s itively near its diagonal resistance with a low volume and the RSI indicator already in the overbought area that could trim a further upswing.


Buy on weakness

S2 S1 Level R1 R2
850 930 955 1,015 1,105

GJTL moved down during the last several days but with the presences of several supports and an oversold RSI trend in which could limit the downturn.


Trading buy

S2 S1 Level R1 R2
11,400 12,200 13,475 14,000 14,500

PTBA edged higher with a long white candle and a strong volume indicating another upside opportunity.


Sell on strength

S2 S1 Level R1 R2
3,640 3,810 3,960 4,000 4,120

TLKM moved in the positive side with a thin volume and a presence of a horizontal resistance that could dampen a further up movement.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.


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